The coordination argument on wage cuts implies that Select the correct answer below:A. firms should never coordinate with each other in cutting wages B. firms should consult government before cutting wages C. unless firms cut wages simultaneously, workers will resist D. firms coordinate with each other to cut wages at the same time

The correct answer is letter "D": firms coordinate with each other to cut wages at the same time.

Explanation:

The coordination argument on wage cuts is cooperation by companies that pursue lowering wages. They do it at the same time to avoid competition and gain from the decrease. For this approach to be possible both firms must have perfect information on what is the lower compensation employees of other entities could accept.